Liberty Global Ltd (NASDAQ:LBTYB) Sees Significant Decline in Short Interest

Liberty Global Ltd (NASDAQ:LBTYB) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,987 shares, a drop of 43.4% from the May 31st total of 3,510 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,135 shares, the days-to-cover ratio is currently 1.8 days.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Liberty Global Stock Performance

NASDAQ:LBTYB traded up $0.20 during trading hours on Wednesday, hitting $13.20. 17,465 shares of the company were exchanged, compared to its average volume of 1,614. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of -0.82 and a beta of 0.41. Liberty Global has a 52-week low of $9.79 and a 52-week high of $29.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The company’s 50 day moving average price is $14.26 and its 200-day moving average price is $13.12.

Liberty Global (NASDAQ:LBTYB) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $1.31. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%.

Liberty Global Company Profile

Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom.